A 3,000% jump in jobless claims has devastated the US job market (cnn.com)
New York (CNN Business)The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000% since early March.
Businesses continue to lay off and furlough workers amid the coronavirus outbreak.
6.6 million US workers filed for their first week of unemployment benefits in the week ending March 28, according to the Department of Labor — a new historic high.
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